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PayPal allows any business or individual with an email address to securely, conveniently and cost-effectively send and receive payments online. The network builds on the existing financial infrastructure of bank accounts and credit cards to create a global, real-time payment solution.
PayPal (Europe) S.à r.l. et Cie, S.C.A. is duly licenced as a Luxembourg credit institution in the sense of Article 2 of the law of 5 April 1993 on the financial sector as amended and is under the prudential supervision of the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier, with registered office in L-1150 Luxembourg.
PayPal Inc. (which is a parent company of PayPal (Europe) S.à r.l. et Cie, S.C.A.) was acquired by eBay in October 2002, and is located in California, USA.